Molson Coors Reports 2020 First Quarter Results

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Go back to Molson Coors Reports 2020 First Quarter Results

Molson Coors Brewing (TAP) Tops Q1 EPS by 2c; Still Unable to Provide Guidance

April 30, 2020 7:02 AM EDT

Molson Coors Brewing (NYSE: TAP) reported Q1 EPS of $0.35, $0.02 better than the analyst estimate of $0.33. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.21 billion.

The first quarter of 2020 was unlike any other in our companys long history. In the early part of the quarter, we saw mounting confidence and enthusiasm for our plans and for our brands - internally and externally.

Gavin continued, Despite the early progress, our first quarter results were disproportionately affected by the coronavirus, a pandemic... More